ForexLive morning news wrap: USD demand returns but euro clings on while the pound gets a kicking

Author: Mike Paterson | Category: News

Forex news for the European morning trading session 12 Oct 2017

Featured article: Trading with Moving Averages

News:
Data:
A session that started slowly as markets digested the FOMC Minutes has developed at pace with USD demand returning and the pound getting slapped on Brexit talks impasse.

Here's the p/a summary;
  • GBPUSD down to 1.3150 from 1.3255
  • EURGBP up to 0.8923 from 0.8965 both on Brexit concerns
  • EURUSD steady around 1.1860 but failing to breach 1.1880
  • USDJPY finding support around 112.20 again after failing above 112.50
  • USDCHF up to 0.9753 from 0.9720
  • EURCHF up to 1.1560 from 1.1530
  • USDCAD up to 1.2482 from 1.2440
  • AUDUSD broke res at 0.7830 only to retreat back to support noted at 0.7810
  • Oil
  • Gold
NA data includes US weekly jobless at 12.30 GMT with BOE's Haldane , ECB's Draghi/Praet and Fed's Brainard/Powell all up to the mic